Alphatec holdings, inc. (ATEC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net loss

-20,722

-

-

-

-12,968

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-10,628

-9,355

-7,076

-1,916

9,055

-3,137

-2,697

-5,515

-4,354

-13,721

-5,233

-6,617

-9,903

-160,265

-3,947

-4,561

-273

-3,041

-2,895

-6,673

-60,407

-14,510

-4,661

-2,649

-5,355

-2,469

-6,374

-1,261

-15,966

-1,304

-3,044

-1,867

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

2,454

2,224

1,924

1,645

1,785

1,723

1,591

1,589

1,886

1,945

1,798

1,870

1,868

1,961

3,022

3,497

3,884

4,932

4,512

5,425

4,162

4,379

4,451

4,704

4,851

6,313

7,375

6,330

6,259

6,369

5,800

5,820

5,803

4,937

4,957

4,979

5,003

Stock-based compensation

3,568

3,390

3,603

2,351

1,612

1,862

1,675

1,148

619

2,312

450

411

808

116

1,147

305

58

203

-78

1,265

1,253

913

1,502

1,195

944

1,246

853

795

1,184

1,480

1,000

663

547

497

480

734

714

Amortization of debt discount and debt issuance costs

1,238

1,377

1,299

530

503

516

481

501

589

654

684

706

717

310

760

1,128

1,432

1,065

1,136

1,100

1,394

2,346

1,998

1,926

430

83

76

80

129

70

78

669

102

94

92

92

97

Amortization of right-of-use asset

259

252

237

224

217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-5

52

68

56

66

33

21

55

55

-19

-73

-84

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-523

275

195

119

234

231

0

79

216

49

178

179

41

127

57

1

-70

532

396

500

478

110

6

Provision for excess and obsolete inventory

1,722

2,173

2,328

2,126

1,997

2,121

-600

867

1,345

-

748

586

306

1,175

2,114

1,729

645

627

-45

991

583

986

1,215

625

713

810

7,741

1,403

1,698

2,678

1,170

1,965

845

1,199

1,963

710

692

Deferred income tax benefit

-

-440

0

-2

4

-178

11

-1,269

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on settlement

-

-

-

-

-

0

0

0

6,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Beneficial conversion feature from convertible notes

-

0

0

0

242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

-76

-

-1,686

133

233

-

-16

248

106

-

-113

48

-204

-

499

-2,168

162

-

-684

-838

-830

Loss (Gain) on disposal of instruments

-32

351

-412

-341

275

-405

-10

154

131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion to contingent consideration

-

0

0

0

289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

600

-994

541

540

-832

12

-522

5,472

-720

133

742

-1,157

-1,833

335

-

-187

-780

-285

-

-

-

-

-

-

-

-

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

242

-

-

-

-

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-150

-1,100

-1,100

-1,100

-1,100

-1,100

-1,100

4,749

0

-15,749

17,750

0

0

0

0

-

-

-

-

-

-

-

-

Accounts receivable, net

-782

772

1,856

-62

-1,268

2,923

819

-500

-2,846

1,201

104

-1,102

-4,356

2,658

-7,725

-3,530

597

2,278

-2,609

397

-1,263

1,401

-3,047

5,234

-2,560

236

394

636

674

2,986

-1,733

-950

-685

3,085

-1,245

399

2,765

Inventories, net

4,741

3,961

2,788

3,565

4,398

1,897

212

172

2,733

-1,552

677

363

254

1,019

4,645

-2,970

3,048

3,254

886

630

686

1,214

1,309

586

1,239

-313

-359

1,692

3,387

2,178

1,748

1,365

2,562

-1,224

3,089

-4,037

1,088

Prepaid expenses and other current assets

983

77

22

-87

-198

857

-540

-266

217

-335

-134

-653

-1,958

723

-505

-403

-889

-601

-796

-740

-335

-720

-1,503

-2,712

72

1,177

-1,080

-153

-394

-487

-48

289

-1,435

-867

-233

423

-664

Other assets

-

-135

-1

-57

-69

42

-7

92

-37

-51

20

-26

-291

0

-29

-182

20

21

69

-81

-3

74

35

39

128

-7

45

-63

-39

-278

-163

-43

-508

-388

-641

-115

-72

Other long-term assets

-

444

174

78

2,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other

-2,643

3,334

2,112

2,272

-1,071

1,993

-2,084

2,026

-258

5,225

-6,483

798

-5,867

-3,731

1,987

-1,227

-527

6,274

-3,189

-3,071

-6,712

-90

-3,424

-27,276

-3,984

54,999

5,602

-1,112

-4,318

1,896

-2,496

3,801

-4,965

2,889

-818

-1,472

647

Accounts payable

3,414

2,462

-781

1,003

3,319

-906

1,542

-428

-192

1,005

-51

2,179

-5,725

382

-8,324

173

2,904

3,486

-1,934

2,144

-487

-781

-2,406

-1,891

4,036

-1,932

-4,091

1,273

897

-1,961

3,511

-266

-3,083

1,550

2,280

-1,682

397

Lease liability

-324

-289

-111

-271

2,910

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-1,099

-1,101

-1,097

-1,100

-1,099

-839

-1,163

-1,272

-1,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-264

30

-

-194

211

-18

-357

26

-133

-46

227

306

168

-285

-602

79

25

-130

Net cash used in operating activities

-17,048

-9,067

-9,412

-6,698

-7,944

-9,088

-7,809

-3,411

-5,300

-615

-1,639

-424

-6,051

-9,833

-10,198

9,862

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,431

2,299

6,553

2,944

1,612

Investing activities:
Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,168

5,621

-2,223

-

4,766

-8,669

-16,381

-

4,187

2,818

-336

-

-

-

-

-

-

-

-

Cash paid for acquisition of Brazilian subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

Purchases of property and equipment

2,629

2,595

6,720

2,649

1,068

3,217

910

1,977

410

411

1,837

3,371

1,977

1,606

1,600

4,005

1,686

3,509

1,482

3,794

3,462

3,549

2,876

3,081

1,794

3,377

3,294

5,162

2,519

3,636

4,012

4,479

3,519

173

4,151

2,219

1,663

Cash paid for acquisition of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

250

250

250

-

-

-

-

245

0

0

445

Cash received from sale of equipment

-

-

-

-

-

-

-

176

172

-

-

-

-

-

-

-

-

-

-

-

-

5,850

0

5,000

19,500

0

28,000

0

0

-

-

-

-

-

-

-

-

Cash received from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

516

0

0

0

0

0

0

0

300

0

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,629

-2,595

-6,720

-2,649

-1,068

-3,467

-1,819

-2,301

-14,082

-179

-968

-3,371

-1,977

-1,960

68,294

-3,205

-1,170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,519

-418

-4,281

-2,344

-2,473

Financing activities:
Proceeds from sale of stock, net

-

-

-

-

-

-

-

-

47,259

7,176

-420

158

17,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net

833

-96

672

1,387

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,482

-3,794

-3,462

-

-2,876

-3,081

-1,494

-

-3,544

-9,412

-2,769

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

0

0

16

0

7

96

1

Borrowings under lines of credit

29,544

32,987

27,503

27,787

26,433

22,655

23,304

22,067

22,433

25,697

23,433

22,919

24,195

24,241

24,086

35,276

34,879

36,060

32,060

34,512

38,951

41,001

42,965

40,080

39,021

45,339

40,537

34,077

34,669

38,351

35,738

43,560

3,583

688

1,232

0

430

Repayments under lines of credit

30,408

31,773

26,673

27,666

26,822

21,412

21,947

22,456

24,178

24,387

23,387

24,243

26,426

23,952

39,877

37,085

33,878

34,213

34,268

35,859

40,227

41,038

42,311

36,156

36,601

38,838

63,091

33,429

33,497

34,628

35,269

29,019

937

14,232

2,684

0

430

Principal payments on capital lease obligations

8

5

10

7

5

9

27

29

31

219

60

134

159

192

206

202

198

192

171

188

196

161

150

335

120

-1,271

1,705

-124

124

-

-

-

110

-

-

-

22

Debt issuance costs

-

-

-

-

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan

-

-

-

-

-

-

1,475

900

900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan and notes payable

-

-

-

-

-3,022

-

-

-

-

-

-

-

-1,325

-624

-49,215

-2,265

-2,340

-2,013

-1,812

-2,117

-2,234

-2,001

-935

-1,413

-1,488

-2,654

1,432

-802

-630

-

-

-

-1,881

-

-

-

-753

Net cash used in financing activities

-39

964

55,443

11,478

-3,702

6,470

-129

2,961

44,583

7,801

-1,205

-2,532

13,757

4,530

-42,167

-4,218

-1,537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

671

-3,930

-1,833

-378

-774

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

809

-3,652

-3,706

-

-431

7,176

20,312

-

5,173

-30

418

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

69

-32

-38

20

79

28

-44

18

-22

22

301

-143

96

1,135

629

-878

-971

-339

109

-677

1,056

-575

-273

-207

-18

-196

-110

279

-261

175

29

226

472

571

-56

62

-56

Net decrease in cash

-19,647

-

-

-

-12,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Cash paid for interest

1,646

1,627

1,628

1,357

1,357

1,754

1,105

1,190

1,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

1,131

1,160

1,277

1,246

2,261

1,943

1,918

1,950

1,950

1,871

1,856

1,811

1,437

1,448

1,189

1,214

973

850

936

793

692

517

590

-

-

-

-

Cash paid for income taxes

25

59

0

79

23

25

37

66

6

17

21

-129

198

0

24

250

646

41

218

97

265

78

194

151

142

976

-422

268

958

356

210

189

234

-

-

-

-

Net increase (decrease) in cash

-

-

-

-

-

-

-

-2,733

25,179

7,029

-3,511

-6,470

5,825

-6,128

16,558

1,561

-3,468

727

1,604

-2,502

-8,335

-434

1,186

-4,781

2,419

2,691

5,706

-6,345

-2,948

-3,700

3,918

5,164

-3,807

-1,478

383

284

-1,691

Supplemental disclosure of noncash investing and financing activities:
Purchases of property and equipment in accounts payable

1,297

-22

-924

1,436

785

-337

746

16

515

-1,804

1,866

-3,276

3,650

2,125

-1,908

-2,044

4,495

-135

2,058

-486

886

-579

-253

759

1,711

-574

-187

-1,494

3,768

-1,832

48

-254

3,405

-

-

-

-

Capital lease additions included in property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

575

501

1

1,148

-

-

-

-

Non-cash debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

0

0

500

0

0

0

0

-

-

-

-

-

-

-

-

Initial fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

912

0

0

10,368

0

0

0

0

-

-

-

-

-

-

-

-

Initial fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,368

0

0

0

0

-

-

-

-

-

-

-

-

SafeOp Surgical, Inc.
Cash paid for acquisition of SafeOp Surgical, Inc.

-

-

-

-

-

-

759

500

13,844

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued for achievement of SafeOp contingent consideration

-

0

0

0

2,889

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-